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Capital accumulation and growth: a new look at the empirical evidence

Journal of applied econometrics (Chichester, England), 2010-11, Vol.25 (7), p.1073-1099 [Peer Reviewed Journal]

Copyright © 2010 John Wiley & Sons Ltd. ;Copyright © 2010 John Wiley & Sons, Ltd. ;Copyright Wiley Periodicals Inc. Nov/Dec 2010 ;ISSN: 0883-7252 ;EISSN: 1099-1255 ;DOI: 10.1002/jae.1163 ;CODEN: JAECET

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Title:
Capital accumulation and growth: a new look at the empirical evidence
Author: Bond, Steve ; Leblebicioǧlu, Asli ; Schiantarelli, Fabio
Subjects: Capital accumulation ; Cross-national analysis ; Economic growth ; Economic growth models ; Economic growth rate ; Economic models ; Economic theory ; Financial investments ; GDP ; Gross Domestic Product ; Growth rate ; Growth rates ; Growth theory ; International ; Investment ; Investment policy ; Investment pools ; Long run economic growth ; Long term investments ; Modelling ; Steady state economies ; Studies ; Time series
Is Part Of: Journal of applied econometrics (Chichester, England), 2010-11, Vol.25 (7), p.1073-1099
Description: Using annual data for 75 countries in the period 1960-2000, we present evidence of a positive relationship between investment as a share of gross domestic product (GDP) and the long-run growth rate of GDP per worker. This result is robust for our full sample and for the subsample of non-OECD countries, but not for the subsample of OECD countries. Our analysis controls for time-invariant country-specific heterogeneity in growth rates, and for a range of time-varying control variables. We also address endogeneity issues, and allow for heterogeneity across countries in model parameters and for cross-section dependence.
Publisher: Chichester, UK: John Wiley & Sons, Ltd
Language: English
Identifier: ISSN: 0883-7252
EISSN: 1099-1255
DOI: 10.1002/jae.1163
CODEN: JAECET
Source: Alma/SFX Local Collection

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Capital accumulation and growth: a new look at the empirical evidence

Copyright © 2010 John Wiley & Sons Ltd. ;Copyright © 2010 John Wiley & Sons, Ltd. ;Copyright Wiley Periodicals Inc. Nov/Dec 2010 ;ISSN: 0883-7252 ;EISSN: 1099-1255 ;DOI: 10.1002/jae.1163 ;CODEN: JAECET

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